Archives for Economics

Wixarika Holy Week – Photojournal by David Cordova

Wixarika Holy Week – Photojournal by David Cordova

February 16, 2015 | | No Comments

For centuries the Wixarika people have occupied the lands of Western Mexico. This indigenous group, directly related to the Yuto-Azteca tribes, has lived an independent life away from the big empires of Mesoamerica, encouraging the development of a solid and unique identity in the region. At the time of the conquests, the Wixarika people found refuge in the mountains of the Sierra Madre Occidental range, which permitted them to remain unnoticed by the Spanish due to the difficulty of access, and safeguarded

The undeniable truth about Vancouver’s housing market

The undeniable truth about Vancouver’s housing market

February 12, 2015 | | No Comments

Prices keep getting steeper, and people’s tempers are rising almost at the same rate. That is the best manner in which the current situation of the Vancouver housing market, which has stirred debate in the last few years, can be described. Yet, there is an underlying issue which most are not willing to discuss. Every time we hear of individuals complaining of the money which has been pouring in from Hong Kong over the last decade, we start to

HSBC affiliate in Swiss Leaks misappropriated €180 billion

HSBC affiliate in Swiss Leaks misappropriated €180 billion

February 9, 2015 | | No Comments

PARIS — French newspaper “Le Monde” revealed last night after a large investigation by the International Consortium of Investigative Journalists that between 2005 and 2007 more than €180 billion would have transited through a private bank in Switzerland, where world leaders, including kings and celebrities, hid their savings. According to the news organization, an HSBC subsidiary would have accepted and even encouraged customers of 200 foreign countries to place their savings there. That’s a total of over 100,000 international clients

Wealth of 1% greater than all the rest of the world next year

Wealth of 1% greater than all the rest of the world next year

January 18, 2015 | | 5 Comments

According to a report by anti-poverty charity organization Oxfam America, the wealthiest 1 percent of people will possess global assets in excess of assets possessed by the rest of earth’s 7.12 billion people by next year. The percentage of global wealth owned by the richest 1 percent rose from 46 percent in 2009 to 48 percent in 2014, and it will rise to over 50 percent by 2016, Oxfam reported. “The scale of global inequality is quite simply

Cambodian garment workers seek higher wages to make ends meet

Cambodian garment workers seek higher wages to make ends meet

December 28, 2014 | | 1 Comment

After multiple violent riots demanding a higher minimum working wage, garment workers in Cambodia struggle to make ends meet, and continue to work to get more attention focused on their plight. Last December, five people were killed as a result of clashes with police in Phnom Penh, the site of many of the country’s garment and textile factories In Cambodia alone, there are thought to be over 620,000 workers in 960 garment and footwear factories, where at least 91

Canadian industry jobs on the rise–in green energy sector–as oil and gas prices slump

Canadian industry jobs on the rise–in green energy sector–as oil and gas prices slump

December 16, 2014 | | No Comments

As gas prices plummet and many O&G workers face unemployment in the upcoming year, a new report has charted the transition from oil and gas to green energy in Canada. Better prospects for jobs–sun, wind and water are more widely distributed across the nation than oil fields–and clean energy business opportunities exist in many areas that have so far not been exploited, according to Clean Energy Canada, which undertook the research. Communications Director James Glave explained some of the details

Shinzō Abe and Abenomics to return for a third term In Japan

Shinzō Abe and Abenomics to return for a third term In Japan

December 15, 2014 | | No Comments

For Japan’s Premier Shinzō Abe, Abenomics, a three point economic strategy to revive Japan, will be the first task he has to attend to after his landslide victory in the Lower House election was announced on Monday this week. Abe’s conservative Liberal Democratic Party (LDP) and New Kōmeitō Party, its junior ruling coalition member, swept the election by winning 326, a whopping two-thirds of the 475 seats, recording a low voter turnout nonetheless. Despite winning the election